Envestnet Inc (ENV) Stock Technical Analysis
NYSE:ENV - New York Stock Exchange, Inc. - US29404K1060 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to ENV. ENV has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, ENV did better than 86% of all other stocks. We also observe that the gains produced by ENV over the past year are nicely spread over this period.
ENV is one of the better performing stocks in the Software industry, it outperforms 72% of 282 stocks in the same industry.
ENV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ENV is lagging the market slightly.
In the last month ENV has a been trading in a tight range between 62.71 and 63.50.
Volume is considerably higher in the last couple of days.
Although ENV has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
60.52
68.59
When analyzing the support we notice one important area.
- A support zone ranging from 61.13 to 63.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @63.67 from a trend line in the daily time frame.
- Resistance @67.91 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ENV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENV is up. |
| ChartMill Relative Strength | 86.07 | POSITIVE | ENV has a high relative strength, it outperformed 86.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.3 | OVERBOUGHT | The high RSI value suggests ENV may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ENV has a positive trend. |
| Stochastics (14,3) | 55.44 | NEUTRAL | The Stochastics value for ENV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for ENV suggests low volalility. |
| Average Directional Index/ADX (14) | 51.16 | POSITIVE | The high ADX value value for ENV suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 63.51 | 62.89 | 0.62 (0.98%) | 25.00% |
| An entry @63.51. This is a Buy Stop order right above the 10 day high. | An exit @62.89. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.62 points, which is 0.98%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.24%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
63.14
+0.05 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.08%
1 Week0.32%
2 Weeks0.29%
1 Month0.62%
3 Month0.22%
6 Month-8.61%
12 Month67.93%
2 Year6.98%
3 Year-17.65%
5 Year-11.33%
10 Year23.44%
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%0.22%
ATR Inc101.63%
Range Today0.37
ADR(20)0.13
ADR(20)%0.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.07
Mansfield-0.42
10 Day High63.5
10 Day Low62.9
20 Day High63.5
20 Day Low62.71
52 Week High73.04
52 Week Low36.43
CS1 End63.03
CR1 Start63.67
Volume & EV
DER(3)4.63%
DER(5)2.66%
Volume5.14M
Volume Incr349.69%
Vol(5)2.75M
Vol(50)880.22K